Speaking last week, the UK's shadow chancellor, George Osborne gave his support to measures proposed by the Scottish Conservatives designed to make Scotland into a low tax "haven" for business.
In an interview with The Scotsman ahead of a meeting with representatives from the business community on Wednesday, Mr Osborne suggested that such a move could see Scotland mirroring the economic performance of Ireland over the last ten years.
"The ability to reduce income tax by 3p in the pound is something I know the Scottish Conservatives are clearly looking at, to make Scotland a particularly attractive place for investment and for businesses to locate," he told the national newspaper, continuing:
"One of the advantages of devolution is that it gives Scotland an opportunity to make itself more competitive against England."
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